Funding you earn now, next payment 02:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.080%
Price spread now: Hyperliquid against Pacifica−0.157%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.157%, 7d avg +0.053%
=Together, before fees+0.306%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.210% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of +0.053%). If the spread goes back, that is −$21 on $10k: about 51 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.117% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica XRP | 1.5130 | 0.0100 | pay 0.0013% / 1h | 55m 55s | $614K | $1.1M | 20x |
| Short | Hyperliquid XRP | 1.5106 | 0.0114 | get 0.0014% / 1h | 55m 55s | $280.2M | $221.8M | 20x |
Pacifica XRP
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.89
- Price spread: −0.157% → +0.053%
- −$21
- Slippage, 4 orders
- −$3.44
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$38.55
- Costs to cover
- 0.204%
- Break-even
- 100.4 days
Slippage from Pacifica: live order book, 3 min ago; Hyperliquid: live order book, 8 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Pacifica live order book, 3 min ago | 0.33 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.33 bp | 5.2 bp −$5 | 7.0 bp −$70 | 10.8 bp −$1,078 | doesn't fit |
XRP on 51 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5182 | +0.345% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5130 | +0.004% | $1.1M | $117K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5089 | −0.268% | $267K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0020% / S +0.0069% | 1h | 1.5090 | −0.266% | $827K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.844% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5085 | −0.295% | $14.7M | $72.1M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0066% | 8h | 1.5095 | −0.230% | $57K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5094 | −0.237% | $2.8M | $14.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5097 | −0.217% | $507K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5098 | −0.210% | $11K | $288K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5105 | −0.160% | $906K | $5.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5101 | −0.191% | $38.2M | $84.0M | 100x | as long as short |
| Pacifica XRPlong | +0.0100% | 1h | 1.5130 | long leg | $614K | $1.1M | 20x | |
| Binance XRPUSDT | +0.0100% | 8h | 1.5107 | −0.151% | $532.1M | $2.08B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5102 | −0.184% | $337.3M | $930.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5098 | −0.210% | $121.7M | $863.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5176 | +0.305% | $565K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5099 | −0.203% | $114K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5203 | +0.484% | $1.6M | $305K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5104 | −0.170% | $364.8M | $148.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5107 | −0.151% | $289.0M | $890.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5109 | −0.137% | $109.9M | $169.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5105 | −0.164% | $263.3M | $381.6M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5103 | −0.177% | — | $126.6M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5096 | −0.222% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5219 | +0.592% | $661K | $106.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5208 | +0.517% | $1.1M | $37.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5235 | +0.695% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5130 | +0.002% | — | $12K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5108 | −0.144% | $44K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5098 | −0.212% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5096 | −0.226% | $813K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5102 | −0.187% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5092 | −0.250% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5101 | −0.189% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5095 | −0.230% | $53.6M | $29.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5129 | −0.006% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5103 | −0.176% | $2.0M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5096 | −0.222% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0112% | 1h | 1.5105 | −0.164% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRPshort | +0.0114% | 1h | 1.5106 | −0.157% | $280.2M | $221.8M | 20x | |
| Deribit XRP_USDC-PERPETUAL | +0.0148% | 1h | 1.5099 | −0.203% | $9.0M | $25.0M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5103 | −0.175% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5098 | −0.210% | $5.7M | $46.1M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5162 | +0.213% | $24.0M | $73.9M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5182 | +0.345% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0323% | 8h | 1.5103 | −0.177% | $1.9M | $35.2M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0324% | 1h | 1.5101 | −0.190% | $1.9M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5101 | −0.191% | $535K | $778K | 10x | as long as short |
| Phoenix XRP | +0.0520% | 1h | 1.5240 | +0.728% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0860% | 1h | 1.5226 | +0.637% | $2K | $13K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD